NOT LISTED FOR SALE
-- Beds
-- Baths
2,643 Sq Ft
1950 Built

Sale Details

Date Sold: July 28, 2023

Last sale price $1,220,000 $462 Per Sq Ft

142 Days on Market

Highlights

  • In Ground Pool
  • Outdoor Living Area
  • No HOA
  • Morningside K-8 Academy Rated 9+
  • Corner Lot
  • Porch

About This Home

As of July 2023

Location, Location, Location! Rare Mimo/Art Deco style 4 Plex w/ pool on a double lot zoned T4-R (Multifamily 2-9 Units) located between the long awaited Magic City Innovation District and Biscayne Blvd. Keep existing 4 Plex, create Bed and Breakfast or REDEVELOP up to 3 stories and 9 units. The current NOI is substantially under market. An adjusted NOI will bring roughly $76k+ yr. 2 short blocks to Starbucks, Panther Coffee, Europa Café, good restaurants and 3 short blocks to legion park where they have the farmers market every Saturday. Call with any questions.

Last Buyer's Agent

Kevin Insua

Atlas Investment R.E., Inc. License #3279757

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,443

Year Built

  • Built in 1950

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,643 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Tile

Outdoor Features

  • In Ground Pool
  • Outdoor Living Area
  • Exterior Lighting
  • Outbuilding
  • Porch

Lot Details

  • Fenced
  • Corner Lot
  • Oversized Lot

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0132180240640

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Gate Subdivision

Building Details

  • Gross Income $54,600
  • Net Operating Income $35,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,443

Year Built

Built in 1950

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1950
  • New Construction: No
  • Structure Type: Multi Family
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Living Area: 2643.0
  • Stories: 1

Exterior Features

  • Exterior Features: Lighting, Outdoor Living Area
  • Fencing: Fenced
  • Lot Features: Corner Lot, Oversized Lot, 1/4 to 1/2 Acre Lot
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Separate Meters
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0132180240640
  • Lot Size: 12,500 SQ. FT
  • Mobile Dim Units: Feet
  • Zoning: 3900

Multi Family

  • Property Net Operating Income: 35100.0
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 54600.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11443.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2023
Closed on
Jul 28, 2023
Sold by
Jj Miami Investments Llc
Bought by
Buyer's Agent
Kevin Insua
Atlas Investment R.E., Inc.
List Price
$1,600,000
Sold Price
$1,220,000
Premium/Discount to List
-$380,000
-23.75%

Purchase Details

Closed on
Dec 1, 2017
Sold by
Cienki John J and Dieck John J
Bought by
Jj Miami Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2002
Sold by
Daniel Cook I
Bought by
Cienki John J and Dieck John J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,220,000 None Listed On Document
Jj Miami Investments Llc $18,000 Attorney
Cienki John J $174,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $75,000
Previous Owner Cienki John J $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $1,220,000 -23.8% $462 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
01/02/2023 01/02/23 For Sale $1,600,000 -- $605 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,660 $1,140,700
2024 $16,086 $1,037,000 $906,250 $130,750
2023 $16,086 $551,100 $0 $0
2022 $11,443 $551,100 $0 $0
2021 $11,972 $563,500 $562,500 $1,000
2020 $12,001 $563,500 $562,500 $1,000
2019 $12,299 $626,000 $625,000 $1,000
2018 $13,112 $626,000 $625,000 $1,000
2017 $7,128 $193,761 $0 $0
2016 $8,017 $176,147 $0 $0
2015 $6,047 $160,134 $0 $0
2014 $4,014 $145,577 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11322742

BeachesMLS (Greater Fort Lauderdale)
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